Institutional Support for Youth Agribusiness Cooperative Development and Management in Nigeria: The Oyo State Example
F. O. Issa *
Department of Agricultural Extension and Economics, National Agricultural Extension and Research Liaison Services (NAERLS), Ahmadu Bello University, Zaria, Nigeria.
J. H. Kagbu
Department of Agricultural Extension and Economics, National Agricultural Extension and Research Liaison Services (NAERLS), Ahmadu Bello University, Zaria, Nigeria.
*Author to whom correspondence should be addressed.
Abstract
This study evaluates the institutional support for youth agribusiness cooperative development and management in Oyo State, Nigeria. Specifically, this study described the socio-economic characteristics of the youth, measures their perception towards agribusiness, and identified the constraints militating against youth participation in cooperative agribusiness enterprises. The study employed a multi-stage sampling technique to select 6 youth cooperative groups (aggregating to 175 individuals); 36 youths; and 4 institutions across 6 LGAs in two agricultural zones of the State. Majority (55.6%) of the respondents belong to producer organization and earned an annual income of equal to or less than ₦100,000 (about $476USD) (58.1%). Also, majority (86.1) of the respondents participate in community development activities. Various benefits were indicated by the respondents as being gained from cooperative membership. Such benefits include access to credit (51.1%), access to group assets (34%), and financial assistance by the group (14.9%). Majority of the respondents (52.8%) did not receive any training. Oyo State Agricultural Development Programme (OYSADEP) was indicated as the agency which provided training for 74% of those who indicated to have been trained. Majority 63.9%, 58.3%), and 55.6% of the respondents indicated the need for training in cassava value addition, marketing strategies, agribusiness management respectively. Drudgery (100%), inadequate capital (97.2%), and low return on investment (88.9%) were rated highest among the constraints. It is recommended that regular training should be provided for the cooperatives by the agencies responsible. Also, adequate drudgery-reducing infrastructure should be provided by the Government while product buy-back should be instituted by the Government in order to stabilize agribusiness activities among the cooperatives.
Keywords: Youth, agribusiness, cooperative, cooperative management, Nigeria